Has information technology improved small businesses' credit access by hardening the information used in loan underwriting and reducing the importance of lender proximity? Previous research, pointing to increasing average lending distances, suggests that it has. Using over 20 years of Community...

We study the effect of geographic portfolio diversification of real estate firms on their investment performance before and after the global financial crisis (GFC). In addition to previously used dispersion metrics, we also account for the distance of the properties to the corporate...

In this paper, we ask the question of the impact of the distance between backers and entrepreneurs on success of reward based crowdfunding campaigns and provide a framework to understand the association. Using a unique data set provided by the French leading platform Ulule that allows us to work...

We exploit exogenous shocks to the distance between corporate borrowers and both relationship- and competing banks from infrastructure improvements to analyze the causal impact of distance on lending. Reductions in travel time impact both new and existing borrowing relationships. Lower distance...

Determining distances in space is a technical phenomenon; astronomers are trying to come up with a correct way to do it. It is not easy for most of us to imagine the truly immense scale of the universe. “Scale,” in this case, refers to the size of an object compared with its surroundings or...

The question of whether or not REITs compete for scarce capital across geographic space is deserving of attention. In this study we consider the issue of spatial competition among REITs across U.S. states in terms of the degree of interdependencies in financial capital demand. First, we motivate...

Several countries and regions have introduced mandatory minimum distances of wind turbines to nearby residential areas, in order to increase public acceptance of wind power. Germany’s largest federal state Bavaria introduced such separation distances of ten times the height of new wind...